RAPAPORT… Stargems will host a series of rough-diamond tenders in Dubai this year, enabling miners, suppliers and other companies to buy and sell goods.
The sourcing-and-supply company has formed a partnership with the Dubai Diamond
Exchange (DDE) to stage the events at the bourse, the Dubai Multi Commodities Centre (DMCC) said Sunday.
“The business case is clear,” said Shailesh Javeri, chairman
of Stargems Group. “Diamond tenders are an increasingly important sales
mechanism for us. Through these tenders we hope to bridge the gap between the
diamond-producing nations and the manufacturing units in Asia. This partnership
will guarantee a secure and transparent tendering process in a regulated
environment provided by the DDE.”
More than 130 international buyers attended tenders at the DDE during 2017, the DMCC said.
Image: DMCC and Stargems teams
Stargems to Hold Dubai Rough Tenders
The Bottom Line
- Stargems plans to hold multiple rough-diamond tenders in Dubai throughout the year.
- The company partnered with the Dubai Diamond Exchange to host these events at the DMCC.
- The tenders aim to connect diamond producers with Asian manufacturers in a secure, regulated environment.
More Stories
US SEC Charges Former Lugano CEO with ‘Massive Fraud’
Mordechai Ferder allegedly ran a scheme that caused jeweler to record more than $1 billion of fictitious revenue.
Bulgari 10ct. Sapphire Ring to Sparkle at Phillips
Piece has a $1.2 million high estimate at the Hong Kong Jewels Auction.
CIBJO Sticks with ‘Synthetics’ Moniker Despite Industry Pushback
Organization received letter from group of senior trade members requesting a deferral of final decision.
